Hi Ruth. Where do I find the tool described in QuickBooks help to “Clear up Undeposited Funds account” as described below:
Undeposited Funds account
If a deposit is created manually, rather than by selecting payments in the Payments to Deposit window, the amount of the payment can stay in the Undeposited Funds account indefinitely. This tool allows you to link deposits to payments to clear out the Undeposited Funds account.
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It sounds like Client Data Review, which is in the Accountant’s edition of QuickBooks Premier and QuickBooks Enterprise. You can access limited features of it from other versions of QuickBooks by creating an external accountant user and logging in as that user. Clear Pp Undeposited Funds Account is one of the features available through the external accountant user.
Here is a list of all the Client Data Review features available for the external accountant user:
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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